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What smart money is saying about Copa Holding SA

CPA · Industrials · Airlines, Airports & Air Services · Market cap $4.92B

1 fund in our archive has pitched Copa Holding SA — most recently Ariel Emerging Markets Value ex-China in December 2025.

Company profile

Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft. Copa Holdings, S.A. was founded in 1947 and is based in Panama City, Panama.

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Reported positions
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Bought
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Sold
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Letters

Fund activity · 2 positions

  • HoldsInternational Small Companies Equity
    May 2026

    Listed in International Small Companies Equity’s reported holdings.

    Read the letterCopa Holding SA
  • HoldsHarding Loevner
    March 2026

    Listed in Harding Loevner’s reported holdings.

    Read the letterCopa Holding SA

Fund coverage · 1 thesis

  • Ariel Emerging Markets Value ex-China
    December 2025

    Copa Holding is a leading Latin American airline with a cost-efficient hub-and-spoke model, industry-leading profitability, attractive valuation, and capacity growth via new aircraft.

    Read the full thesis

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